šŸ”„ BREAKING : THE FEDERAL RESERVE HAS JUST CUT INTEREST RATES BY 50 BPS

The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020 šŸ˜³

This officially marks the most surprising Fed decision since 2009.

To put this into perspective, the last two times the Fedā€™s first cut was 50bps+:

January 3, 2001:

- S&P 500 fell ~39% next 448 days

- Unemployment rose another 2.1%

- Recession šŸ“‰

September 18, 2007:

- S&P 500 fell ~54% next 372 days

- Unemployment rose another 5.3%

- Recession šŸ“‰

History might not repeat, but it often rhymes.

šŸ„µ